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Home Buyers Are Drawn to Nearby Organic Farms
For South Village, a 22-acre development project in South Burlington, Vt., David Miskell, right, converted a segment of the property into an organic farm. Bobby Young, left, is a hired farmer.
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Strawberry Fields Forever
Environmental and Urban Economics — ... Real Estate economists, when not humming beatles' songs, are always thinking about capitalization effects. This article offers some distinctive insights for rural areas. We all know that standard localized amenities such as low crime, nice climate (think of LA versus Houston), clean air are reflected in home prices. You do not have to be Adam Smith to anticipate that those homes in nicer cities and located within nice neighborhoods within those cities will sell for a price premium. ...

Organic Farms as Subdivision Amenities
Peak Oil News — ... 1,756-acre Idaho development had repaid a $12 million loan from the financing arm of General Motors; realized a 61 percent premium on the sale of its sites, compared with similar parcels with no farm nearby; and claimed a $2.8 million pretax profit by selling 785 of 800 lots, while keeping 1,000 acres open. The success of the two developments proved the concept, and like-minded developers around the country are trying it on inactive farmland and even on formerly industrial land. NY Times

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